Needless to say, purchasing any type of land is an important decision in your life. Most of you do not know that there are a couple of things to take into consideration when deciding to buy a waterfront property, especially in Cape Coral, Florida. Here is what you should know:
First of all, do not purchase the land without setting foot on it first. Be patient and take your time to look it over closely and inspect it yourself. To find out where exactly are the property lines, get a copy of the site plan.
We recommend that you study the history of the land development for the area. Find out what was built on the land before and if the development was a friendly undertaking or there were many controversies among the community.
Find some time to talk to the neighbors and ask them what opinion they have regarding the developer and the entire area in Cape Coral where you plan on buying. Also, ask them if the amenities promised by the developer were completed and if they are generally happy with the property.
Taking into consideration that we are talking about a lakefront property or a land, you should know if the lake is at a constant level or not. If it isn’t, it means that the water levels could change significantly in the following period.
Verify if there are any types of flood plain restrictions applicable in the area. If you buy or build something in a flood zone, you might have some trouble getting insurance.
If you plan on buying a land, make sure that the lot you are looking at will support a house of the size that you plan on building.
Don’t rush things over and buy the first waterfront land/property you find. It is best to analyze more options until you can find the most suitable one for your necessities.
You will also have to know how the house will change in the different seasons or when the weather conditions change. The good part about Cape Coral is that there is sun almost throughout the entire year, but keep in mind that it rains from time to time.
If you plan on constructing a boat sure, check the possible Restrictive Covenants that might prevent you from doing so. Many of these lake areas limit the building of new boat houses and docks.
Do not forget to check out the access to electricity if you plan on building a property. Also, make sure that you have access to water, sewage as well as other necessary utilities.
If the property you plan on purchasing is remote, check out who is responsible for maintaining the road. Many of the banks in the United States require a Road Maintenance Agreement prior to lending money for a remote property.
Last but certainly not least, consider making it conditional on an inspection of the territory or on another specific item. To give you a relevant example, if you do not have access to the sewage lines, you might want to make the offer conditional on your ability to obtain the necessary permits for a septic system
As you can see, there are plenty of things to take into consideration before buying a waterfront land or property in Cape Coral, Florida. Take things nice and slowly in order to avoid spending more than you should.